Walmart Inc. is in discussions with the Tata group for a large stake purchase in the proposed super app of the salt-to-software conglomerate, two people aware of the development said. The ‘super app’ aims to create a...
Max group promoters sell healthcare, financial services biz shares worth ₹284 cr
Max Ventures Investment Holdings Pvt Ltd, a promoter entity of Analjit Singh, on Monday sold 16.71 million shares in Max Healthcare Institute Ltd worth ₹182 crore via block deal. According to data on BSE, Max Ventures...
smallcase raises $14 million from DSP Group, others
Capital markets infrastructure startup smallcase on Monday said it has raised $14 million as part of its Series B financing round led by DSP Group along with existing investors Sequoia Capital India, Blume Ventures...
ArcelorMittal in talks to merge US assets with Cleveland-Cliffs: Report
ArcelorMittal SA, the world’s largest steelmaker, is exploring a deal to merge its U.S. operations with Cleveland-Cliffs Inc, the largest U.S. producer of iron ore pellets, people familiar with the matter said on...
India Inc eyes overseas M&A transactions
Indian companies with strong balance sheets have shaken off the shock from the coronavirus pandemic to chase overseas acquisitions, hoping to pick up attractive assets whose valuations have been hammered by the virus...
Tata taps wealth funds to buy out Shapoorji stake
The Tata group has reached out to several investors, including sovereign wealth funds, to raise funds to buy out the Mistry family’s stake in Tata Sons Ltd, two people directly aware of the ongoing negotiations said. N...
Reliance Retail receives ₹7,500 crore from Silver Lake
Reliance Retail Ventures Limited, the retail business of Mukesh Ambani’s Reliance Industries Ltd, has received ₹7,500 crore from tech investor Silver Lake, the company said in a stock exchange filing on Saturday...
IBC operations suspended for another three months
The Centre on Thursday suspended the operation of the Insolvency and Bankruptcy Code (IBC) by another three months to protect companies in distress from being dragged into bankruptcy tribunals in view of the crisis. The...
Apple buys startup that creates radio-like stations for podcasts
Apple Inc. acquired a startup that makes listening to podcasts more like tuning into radio stations, seeking to improve its service amid growing competition from Spotify Technology SA. The Cupertino, California-based...
Govt aims to raise ₹444 crore via Mazagon Dock Shipbuilders stake sale
The government is launching its first initial public offer (IPO) for financial year 2021 by selling stake in Mazagon Dock Shipbuilders Limited. The government will sell 15.17% state to raise ₹444 core. With a price band...
ShareChat bags $40 million in Pre-Series E funding round
Homegrown regional social network, ShareChat, announced the completion of a $40 million pre-series E round of funding today. The company said the current funding round will be used to drive the growth of its new short...
RIL in race to acquire UK’s Debenhams, says report
Oil-to-retail conglomerate Reliance Industries Ltd (RIL) is said to be in the race to acquire Debenhams, a British multinational retailer operating department stores in the UK with franchise stores in other countries...
